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COMMODITY TECHNICAL OUTLOOK

* MCX Gold is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.65400 - 65200 levels whereas resistance is at Rs.65800 - 66000 levels.

* MCX Silver is likely to trade with sideways to negative bias during today’s trading session. Support is at Rs.75000 - 74500 levels whereas resistance is at Rs.76000 - 76500 levels.

* MCX Crude Oil is likely to trade with positive bias during today’s trading session. Support is at Rs. 6700 - 6600 levels whereas resistance is at Rs. 6900 - 7000 levels.

* MCX Copper is likely to trade with positive bias during today’s trading session. Support is at Rs.761 – 757 levels whereas resistance is at Rs.770 - 774 levels.

CHART OF THE DAY

MCX-COPPER (DAILY CHART)

Strategy: Intraday

* COPPER prices traded with positive bias during the last trading session; and prices are trading above downward trend line.

* For Intraday session immediate support is at 761 - 757 level and resistance at 770 - 774. Any pullback towards support level should be taken as buying opportunity targeting immediate resistance of 770 - 774 levels on higher side.

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